Palantir Technologies Inc. (NYSE: PLTR) had a 70% drawdown in the past year, but zero executives or insiders at the company have bought the stock outright.
Insiders at a company, either executives or 10%+ stakeholders, are required to file investment transactions with the SEC.
I apologize for the hackneyed headline. But I do think it conveys my sentiment about Palantir (NYSE: PLTR). Or rather, I think it conveys the overall market sentiment.
There are many polarizing stocks. But I've found few that generate so much passion as Palantir.
Palantir Technologies Inc (NYSE: PLTR) shares are trading lower Monday as growth stocks sell off on Fed rate hike fears, which has driven a risk-off sentiment.
On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said.
Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.
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